Dr. Sulaiman Al Habib Medical Group (HMG) reported a net profit after Zakat and tax of SAR 737.7 million for the first nine months of 2020, a 23% year-on-year (YoY) increase, compared to SAR 600.1 million in the same period a year ago.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 3,611.83 | 4,170.26 | 15.5 % |
| Gross Income | 1,087.87 | 1,318.60 | 21.2 % |
| Operating Income | 604.23 | 785.81 | 30.1 % |
| Net Income | 600.05 | 737.65 | 22.9 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.71 | 2.11 | 22.9 % |
The company attributed the profit rise to 15.46% increase in revenues, 24.47%% increase in EBITDA, and higher net income by 22.93%.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 1,226.74 | 1,623.91 | 32.4 % |
| Gross Income | 348.97 | 558.89 | 60.2 % |
| Operating Income | 192.48 | 323.89 | 68.3 % |
| Net Income | 198.00 | 298.80 | 50.9 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.57 | 0.85 | 50.9 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 1,203.01 | 1,623.91 | 35.0 % |
| Gross Income | 359.86 | 558.89 | 55.3 % |
| Operating Income | 203.31 | 323.89 | 59.3 % |
| Net Income | 192.25 | 298.80 | 55.4 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.55 | 0.85 | 55.4 % |
The company’s Q3 net profit after Zakat and tax increased by 51% YoY to SAR 298.8 million due to a 32.38% rise in revenues, higher net income by 50.9%, and a 47.11% rise in EBITDA.
On a quarterly basis, Q3 net profit surged 55.4% due to seasonality of revenue as travel during the summer period remained limited due to COVID-19.
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